##TheStrategyLab Price Action Chat Room Logs

click on the above image to view today's price action of key markets

Bloomberg Markets: The Open Full Show (12/18/2020) @ https://www.bloomberg.com/news/videos/2020-12-18/-bloomberg-the-open-full-show-12-18-2020-video

[09:35:30] * Now talking in ##TheStrategyLab
[09:35:30] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:36:30] <Tigerman______> today Spy give some clue about the sell off... infact it started before ES
[09:38:48] <Tigerman______> good I did a short on NQ
[09:40:16] <Tigerman______> sh ES 3709
[09:40:37] <Tigerman______> exit all ES @ 3707.75 +1.25 med size
[09:41:27] <Tigerman______> what I did good today is wait and wait and wait !!!
[09:41:55] <Tigerman______> usually I entry too early and got loss when price retrace fast gainsy my entry
[09:42:45] <Tigerman______> btw SPY closed its gap
[09:42:51] <wrbtrader> Shorts Emini ES @ 3709.00 -> large size
[09:42:55] <wrbtrader> 10 contracts
[09:44:18] <wrbtrader> Covered all Emini ES Short @ 3705.75 --> + 3.25
[09:44:31] <wrbtrader> WRB pt1 reached
[09:44:42] <Tigerman______> sh mES 3707.5
[09:45:03] <wrbtrader> Shorts Emini ES @ 3705.25 -> large size
[09:45:12] <Tigerman______> exit all mES @ 3707 +1.5
[09:45:12] <wrbtrader> 10 contracts intuition
[09:46:09] <wrbtrader> This is the big directional price movement within the 1 - 2 days after a FED rate announcement
[09:47:01] <Tigerman______> yeah clear directional right after the open
[09:47:05] <wrbtrader> Covered all Emini ES Short @ 3704.50 --> + 0.75
[09:47:35] <Tigerman______> first directional move after many days of pure junkj
[09:47:58] <Tigerman______> infact I collected good results till now
[09:48:07] <wrbtrader> Late showing up today due to personal reasons...missed the initial sell off
[09:48:27] <Tigerman______> simply I struggle in junky action.. I shine in this higher volatility events
[09:49:10] <wrbtrader> Had this sell off showed up yesterday...I would have taken today off from trading the markets
[09:49:44] <Tigerman______> in contrast I was off yesterday via personal reasons... good I trade now
[09:50:11] <Tigerman______> also US markets at all time high again
[09:50:18] <wrbtrader> Shorts Emini ES @ 3702.50 -> large size
[09:50:27] <wrbtrader> 10 contracts
[09:50:33] <Tigerman______> so profit taking sell off
[09:52:15] <Tigerman______> sh mES 3702.25
[09:52:22] <wrbtrader> WRB pt1 reached
[09:52:43] <Tigerman______> exit all @ 3701.25 +1p WRB pt1 reached
[09:52:44] <wrbtrader> Covered all Emini ES Short @ 3697.75 --> + 4.75
[09:53:09] <wrbtrader> trade was an early entry
[09:53:17] <Tigerman______> wrbtrader... we did a similar entry .... you collected more
[09:53:48] <Tigerman______> I exited as soon as the small pt1 showed up
[09:54:10] <wrbtrader> I was more patient because I exited early by mistake in the prior Short @ 3705.25
[09:54:33] <Tigerman______> I see it was a nice pt1 in 2min chart
[09:54:37] <asuni> i can't understand how automated trading systems can work. price action completely changes in few days
[09:54:38] <wrbtrader> Should have not exited that trade...moved the trail stop too soon
[09:55:40] <Tigerman______> asuni....yeah they change because they adapt to flow
[09:55:42] <wrbtrader> Asuni...I don't know about retailers using automated trading systems but most institutions that use automated trading systems...they are using several of them
[09:56:04] <wrbtrader> Each one trying to exploit a different type of price action
[09:56:46] <asuni> ES did a rebound near to FED rate interest zone
[09:56:50] <wrbtrader> Its rare for a firm to be using "just one automated trading system"
[09:56:53] <Tigerman______> most day in /out are Algos fight in microseconds realm
[09:56:55] <asuni> if i'm not wrong
[09:57:25] <wrbtrader> Asuni...you're correct
[09:59:14] <wrbtrader> Long Emini ES @ 3702.00 -> large size
[09:59:21] <wrbtrader> 10 contracts
[09:59:29] <Tigerman______> sh NQ 17727
[09:59:52] <wrbtrader> Exited all Emini ES Long @ 3701.00 --> - 1
[10:00:24] <wrbtrader> Shorts Emini ES @ 3699.50 -> large size
[10:00:33] <wrbtrader> 10 contracts
[10:00:48] <wrbtrader> I'm still looking for a Long position by the way
[10:01:20] <wrbtrader> Covered all Emini ES Short @ 3699.25 --> + 0.25
[10:01:32] <wrbtrader> Long Emini ES @ 3700.00 -> large size
[10:01:41] <wrbtrader> 10 contracts
[10:01:50] <Tigerman______> exit all NQ @ 17710 +17p wrb pt1
[10:01:57] <wrbtrader> intuition
[10:02:10] <wrbtrader> slow getting into this one...didn't do a position reversal
[10:02:36] <wrbtrader> Exited all Emini ES Long @ 3699.00 --> - 1
[10:03:08] <Tigerman______> sh NQ 17703
[10:03:28] <wrbtrader> NQ testing another S area
[10:03:42] <wrbtrader> Shorts Emini ES @ 3697.00 -> large size
[10:04:01] <wrbtrader> 10 contracts intuition on NQ breakdown of its S area
[10:04:59] <Tigerman______> exit all NQ @ 12684 +19p
[10:05:13] <Tigerman______> NQ lead the way
[10:05:34] <wrbtrader>
[10:06:30] <wrbtrader> Covered all Emini ES Short @ 3696.50 --> + 0.5
[10:07:30] <Tigerman______> I used 2nd platfor for my last trades in NQ ... that give a more headaches when do stats
[10:07:51] <wrbtrader> Long Emini ES @ 3698.50 -> large size
[10:08:02] <wrbtrader> 10 contracts
[10:09:01] <Tigerman______> mostly consider stats from main platform
[10:09:20] <Tigerman______> this year is almost ended
[10:09:50] <Tigerman______> it is time to rewiew stats and see what can be improved x me
[10:12:39] <wrbtrader> Exited all Emini ES Long @ 3699.50 --> + 1
[10:13:38] <wrbtrader> Brexit, still no U.S. stimulus deal and vaccinations...
[10:13:47] <wrbtrader> A lot of info for the market to process
[10:14:31] <wrbtrader> Long Emini ES @ 3700.00 -> large size
[10:14:38] <wrbtrader> 10 contracts
[10:15:33] <Tigerman______> junky again now
[10:15:42] <wrbtrader> Exited all Emini ES Long @ 3698.25 --> - 1.75
[10:15:43] <Tigerman______> more short bias x me
[10:15:57] <wrbtrader> S area broken
[10:16:50] <wrbtrader> back above it
[10:18:15] <wrbtrader> Long Emini ES @ 3699.25 -> large size
[10:18:27] <wrbtrader> 10 contracts
[10:18:33] <Tigerman______> LG NQ 12725.50
[10:19:14] <Tigerman______> exit 1/2 NQ @ 12728 +2.5
[10:19:33] <wrbtrader> Exited all Emini ES Long @ 3699.75 --> + 0.5
[10:19:44] <Tigerman______> exit all @ 12726 +.5 trail hit
[10:20:04] <wrbtrader> Long Emini ES @ 3699.50 -> large size
[10:20:12] <wrbtrader> intuition
[10:20:16] <wrbtrader> 10 contracts
[10:21:01] <wrbtrader> VIX @ 23.17
[10:21:14] <Tigerman______> SH NQ 12721
[10:21:40] <Tigerman______> exit @ 12721 +0
[10:21:48] <wrbtrader> I'm now expecting a volatility spike here soon
[10:21:50] <wrbtrader> too contracted
[10:21:59] <wrbtrader> Exited all Emini ES Long @ 3698.00 --> - 1.5
[10:22:12] <Tigerman______> SH NQ @ 12715
[10:22:46] <wrbtrader> Shorts Emini ES @ 3697.00 -> large size
[10:22:55] <wrbtrader> 10 contracts
[10:23:01] <wrbtrader> volatility slowing increasing
[10:23:28] <wrbtrader> Covered all Emini ES Short @ 3696.50 --> + 0.5
[10:23:35] <wrbtrader> snapback again
[10:23:48] <Tigerman______> exit all NQ @ 12705 +10p
[10:26:25] <wrbtrader> Shorts Emini ES @ 3694.00 -> large size
[10:26:33] <wrbtrader> 10 contracts chasing
[10:27:15] <wrbtrader> Covered all Emini ES Short @ 3693.50 --> + 0.5
[10:27:25] <wrbtrader>
[10:28:58] <wrbtrader> battle area...
[10:29:07] <wrbtrader> looking for a volatility spike here
[10:30:47] <Tigerman______> lg NQ 12721
[10:31:19] <wrbtrader> Long Emini ES @ 3695.25 -> large size
[10:31:26] <wrbtrader> 10 contracts
[10:32:04] <Tigerman______> exit all NQ @ 12723 +2p
[10:32:11] <Tigerman______> too junky
[10:33:54] <wrbtrader> Exited all Emini ES Long @ 3694.75 --> - 0.5
[10:34:55] <wrbtrader> Shorts Emini ES @ 3694.00 -> large size
[10:35:06] <wrbtrader> 10 contracts intuition
[10:36:15] <wrbtrader> Covered all Emini ES Short @ 3694.50 --> - 0.5
[10:36:22] <wrbtrader> punks
[10:37:12] <wrbtrader> Shorts Emini ES @ 3694.00 -> large size
[10:37:25] <wrbtrader> 10 contracts re-entry
[10:37:41] <wrbtrader> bouncy all over the place
[10:39:04] <wrbtrader> Covered all Emini ES Short @ 3693.75 --> + 0.25
[10:39:48] <wrbtrader> Long Emini ES @ 3694.75 -> large size
[10:39:55] <wrbtrader> poor entry
[10:41:23] <wrbtrader> Exited all Emini ES Long @ 3695.00 --> + 0.25
[10:41:31] <wrbtrader> trail stop picked
[10:43:07] <wrbtrader> WTF
[10:44:48] <wrbtrader> Long Emini ES @ 3695.00 -> large size
[10:44:59] <wrbtrader> 10 contracts intuition
[10:45:11] <wrbtrader> stole a great entry
[10:46:58] <wrbtrader> Exited all Emini ES Long @ 3694.00 --> - 1
[10:47:41] <wrbtrader> Long Emini ES @ 3693.50 -> large size
[10:47:52] <wrbtrader> 10 contracts re-entry
[10:52:33] <wrbtrader> Exited all Emini ES Long @ 3694.00 --> + 0.5
[10:54:29] <wrbtrader> dangerous bouncing around in the price action
[10:54:47] <Tigerman______> as I said many times before.... disgusting action
[10:54:54] <wrbtrader> Long Emini ES @ 3696.00 -> large size
[10:55:01] <Tigerman______> I Refuse to trade unless one pay me
[10:55:08] <wrbtrader> 10 contracts re-entry
[10:58:36] <wrbtrader> Exited all Emini ES Long @ 3697.25 --> + 1.25
[11:20:03] <wrbtrader> That was a small price drop out of nowhere
[11:20:49] <wrbtrader> NQ retested the R area of yesterday's FOMC announcement
[11:27:07] <Tigerman______> ok take care all have a safe weekend see all next week
[11:36:46] <wrbtrader> Take care Tigerman...be safe out there
[11:37:06] <wrbtrader> Wear your face mask to protect your love ones
[11:39:15] <wrbtrader> Shorts Emini ES @ 3689.75 -> small size
[11:39:20] <wrbtrader> 3 contracts
[11:41:06] <wrbtrader> Every trade today for me turns into a bouncy price action...very tiring
[11:41:08] <wrbtrader> stressful
[11:41:35] <wrbtrader> Covered all Emini ES Short @ 3689.50 --> + 0.25
[12:20:26] <wrbtrader> Missed the 1144am est Long signal...preparing my lunch
[13:51:26] <wrbtrader> Shorts Emini ES @ 3689.00 -> small size
[13:51:34] <wrbtrader> 3 contracts
[13:56:10] <wrbtrader> Covered all Emini ES Short @ 3689.75 --> - 0.75
-
[14:02:58] * Now talking in ##TheStrategyLab
[14:58:13] <wrbtrader> Shorts Emini ES @ 3691.00 -> large size
[14:58:36] <wrbtrader> 3 c0ntracts
[14:59:20] <wrbtrader> Covered all Emini ES Short @ 3692.50 --> - 1.5
[15:01:52] <wrbtrader> Shorts Emini ES @ 3682.00 -> small size
[15:02:41] <wrbtrader> 3 contracts re-entry
[15:03:30] <wrbtrader> Covered all Emini ES Short @ 3682.75 --> - 0.75
[15:03:53] <wrbtrader> Shorts Emini ES @ 3682.50 -> small size
[15:04:05] <wrbtrader> 3 contracts re-entry
[15:04:57] <wrbtrader> Covered all Emini ES Short @ 3683.00 --> - 0.5
[15:09:43] <wrbtrader> Shorts Emini ES @ 3683.75 -> small size
[15:09:54] <wrbtrader> 3 contracts re-entry
[15:11:10] <wrbtrader> strange counter-thrust failure
[15:12:25] <wrbtrader> Covered all Emini ES Short @ 3681.75 --> + 2
[15:12:42] <wrbtrader> it did it again
[15:25:20] <wrbtrader> Shorts Emini ES @ 3679.00 -> small size
[15:25:39] <wrbtrader> strange price action again
[15:26:40] <wrbtrader> Covered all Emini ES Short @ 3678.75 --> + 0.25
[15:27:14] <wrbtrader> Shorts Emini ES @ 3679.25 -> small size
[15:27:22] <wrbtrader> 3 contracts re-entry
[15:27:32] <wrbtrader> they're stealing stops
[15:28:16] <wrbtrader> Covered all Emini ES Short @ 3679.00 --> + 0.25
[15:29:14] <wrbtrader> mind-boggling
[15:33:26] <wrbtrader> R area
[15:34:51] <wrbtrader> Shorts Emini ES @ 3682.50 -> large size
[15:35:00] <wrbtrader> 10 contracts
[15:36:09] <wrbtrader> WTF
[15:37:48] <wrbtrader> Covered all Emini ES Short @ 3681.50 --> + 1
[15:38:01] <wrbtrader> still all over the place
[15:38:08] <wrbtrader> Its almost random
[15:39:19] <wrbtrader> Shorts Emini ES @ 3680.75 -> large size
[15:39:28] <wrbtrader> 10 contracts
[15:39:40] <wrbtrader> volatility pushing steadily now
[15:41:28] <wrbtrader> Covered all Emini ES Short @ 3682.50 --> - 1.75
[15:42:09] <wrbtrader> Long Emini ES @ 3683.75 -> large size
[15:42:20] <wrbtrader> 10 contracts intuition
[15:42:27] <wrbtrader> crazy
[15:43:07] <wrbtrader> It became crazier when I up my size too
[15:44:31] <wrbtrader> Its short squeezing but its not the price action for such
[15:45:19] <wrbtrader> Exited all Emini ES Long @ 3689.00 --> + 5.25
[15:45:29] <wrbtrader> trail stop picked
[15:45:57] <wrbtrader> Long Emini ES @ 3690.75 -> large size
[15:46:09] <wrbtrader> 10 contracts intuition
[15:48:17] <wrbtrader> Exited all Emini ES Long @ 3691.25 --> + 0.5
[15:48:34] <wrbtrader>
[15:48:51] <wrbtrader> steals my stop finally and then takes off again
[15:48:59] <wrbtrader> starting to feel targeted now
[15:49:01] <wrbtrader>
[15:51:49] <wrbtrader> Long Emini ES @ 3692.75 -> large size
[15:52:00] <wrbtrader> 10 contracts
[15:53:19] <wrbtrader> Exited all Emini ES Long @ 3703.00 --> + 10.25
[15:53:53] <wrbtrader> Crazy...all of this because its Friday and the stimulus package has a deadline of tonight midnight
[15:54:33] <wrbtrader> WRB pt1 reached
[16:04:55] <wrbtrader> The last hour of the trading session was crazy...
[16:05:25] <wrbtrader> I underestimated it could get like this because of that stimulus package and government lockdown tonight
[16:06:25] <wrbtrader> Take care all, wear your face mask, be safe and see all on Monday
Session Close

Bloomberg Markets: The Close' Full Show (12/18/2020) @ https://www.bloomberg.com/news/videos/2020-12-19/-bloomberg-markets-the-close-full-show-12-18-2020-video

@ wrbtrader @ Frequently Asked Questions @ Risk Warnings @ Terms of Use Policy

-----------------------

##TheStrategyLab (located on the Freenode IRC network) is free and is a serious professional trading chat room involving WRB Analysis in which any trader (position trading, swing trading, day trading) can use the chat room to post their trades or commentaries about stocks, futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the free chat room nor do you need to be a price action trader (no indicators) because some members use indicators while others do not. Yet, the only requirement is that you want to learn WRB Analysis.

Therefore, we welcome all traders that want to learn about WRB Analysis regardless if they are beginners or experience traders in price action trading.

The purpose of ##TheStrategyLab is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.


Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.

Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:

CME Emini Futures EMD, ES and NQ

CME Emini RTY Futures (formerly ICE TF)

CBOT mini-sized Dow Futures YM

Micro E-mini Futures MES, MNQ, MYM and M2K

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd

Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BZ/BRN, e-miNY QM and Natural Gas NG

COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

S&P CNX NIFTY Futures

Hang Seng Index Futures HSI and mini-Hang Seng MHI

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that ##TheStrategyLab is a serious professional price action trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, racist, harassment, lies, hackers, pikers, trolls that's a distraction to members of our chat room, our forum or our website. Yet, the original logs are always maintain for security reasons and legal reasons if needed.

Disclaimer: Today's trading performance is not an indication of my future performance and not an indication of the future performance for any trader that decides to learn/apply WRB Analysis. The risk of loss can be substantial. Therefore, you must carefully consider if trading is suitable for you within the context of your financial condition. TheStrategyLab.com is an education and research site. The resources on this site are provided for informational purposes only and should not be used to replace professional educational and professional research because we are retail traders only. TheStrategyLab.com does not accept liability for your use of the website and its resources.

We make no guarantees of success and your level of success is dependent upon other factors including your skill as a trader, knowledge, financial condition, market conditions and other factors. Trading is stressful and you should always consult a doctor in all matters relating to physical and mental health of you and your family because trading can impact beyond your financial condition regardless if you're a profitable or losing trader. Also, you can read our full disclaimer statement @ http://www.thestrategylab.com/Disclaimer.htm

TheStrategyLab Review about Dr. Dean Handley @ http://www.thestrategylab.com/dr-dean-handley-review.htm

Rebuttal to Mr. Emmett Moore Jr. via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

Review of Emmett Moore Jr. Tradingschools @ http://www.thestrategylab.com/emmett-moore-jr-tradingschools-review.htm

The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676

TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm

Where did wrbtrader go? | Elite Trader @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=161&t=2844

Trolls Review @ http://www.thestrategylab.com/trolls-review.htm

Note: chat logs saved (timestamp) from Québec, Canada in eastern daylight time

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
a.k.a. wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
TheStrategyLab Price Action Trading
@ http://twitter.com/wrbtrader @ http://stocktwits.com/wrbtrader
@ https://www.tradingview.com/u/wrbtrader

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